As nations across the globe ratify the Paris climate accord and begin to carry-out the actions necessary to reach the emissions reduction targets set forth, businesses in low-carbon related industries stand to see a considerable influx of new investments. A recent analysis conducted by a coalition of leading businesses committed to driving a shift towards low-carbon business (We Mean Business) assessed the accords from a variety of perspectives, addressing the content of the accord, its implications for individual countries, and a more comprehensive assessment of the trends and results of the accord the world over.

In its assessment of the Paris accord’s business potential, We Mean Business suggested that they would bring roughly, a collective US$13.5 trillion for the energy sector alone in energy efficiency and low-carbon technologies through 2030. This trend of rising investment received an early, emphatic sign of support with a statement issued by a group of 110 world-leading companies which called for the US government to take swift action in implementing the US Environmental Protection Agency’s Clean Power Plan and commencing smart investments in the low-carbon economy.

This optimism has its more reticent counter in assessments like one recently published by the Heritage Foundation think tank which concluded that the cost of the Paris accord would amount to $2.5 trillion in lost global GDP. However, this model supposes the continued prevalence and lower cost of traditional fossil fuels, a presupposition that grows ever weaker as renewable energy grows increasingly prevalent and cost-efficient, with major investments being made by leading global business like Google, who found it to be a more fiscally attractive option than relying on fossil-fuel generated electricity.

 Read more on the opportunities and challenges which the Paris accord introduced for business

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